NEW DELHI: The Delhi Development Authority (DDA) has allocated 1,078 economically weaker section (EWS) flats under the Seetu Punarwas Yojana, a scheme aimed at replacing slums with housing. The DDA has allocated the flats to eligible families in the Jwalapuri Bagh and Ashok Vihar clusters. Demand-based allocation letters were issued to all these families on […]
NEW DELHI: The Delhi government has proposed slapping an environmental compensation of up to Rs 5 lakh on property owners with an area of at least 100 square metres who fail to maintain a functional rainwater harvesting system. In a report submitted to the National Green Tribunal (NGT) recently, the Aam Aadmi Party (AAP) government […]
CHENNAI: Bengaluru-based property developer Prestige Group has entered into a joint venture agreement with Chennai-based WS Industries to develop a 1.1 million sqft IT park on seven acres of prime land located on the Mount-Poonamallee Road. “Even though this is a JV deal and does not involve sale of land, if one has to value […]
GURUGRAM: The Gurugram administration has ordered a structural audit of buildings in 23 housing societies here after visual inspections showed that they could be unsafe. Deputy Commissioner Nishant Kumar Yadav said after the accident at Chintels Paradiso society last year, the district administration is identifying unsafe buildings to complete their structural audit. On the basis […]
NOIDA: The Yamuna Expressway Authority (YEIDA) will challenge the National Company Law Tribunal’s (NCLT) June order approving a resolution plan for the 3C Home’s Lotus City residential plots project in Sector 22. On June 13, a two-member NCLT bench, comprising Atul Chaturvedi and Bachu Venkat Balram Das, expressed satisfaction with the Rs 140.39 crore resolution […]
HDFC, which has merged with HDFC Bank on July 1, is currently evaluating a one-time settlement (OTS) offer from promoter DP Jain regarding the sale of two Radisson Blu hotels in Ghaziabad, on the outskirts of New Delhi.The lender has received an offer of 315 crore from the promoter, while Prudent ARC has submitted a […]
Amitesh Kumar Jha, senior vice president at Flipkart, has bought a property in Adarsh palm retreat villa in a deal valued around Rs 15.5 crore. The property has a super built-up area of 4245 sq. ft. and a land area of 6300 sq. ft. “The deal was registered in May, and a stamp duty of […]
NEW DELHI: The Municipal Corporation of Delhi (MCD) has collected over Rs 1,110 crore as property tax in the April to June quarter, a surge of over 40 per cent from the same period the previous year, Mayor Shelly Oberoi said on Monday. However, the BJP said that the higher tax collection was due to […]
NEW DELHI: Amalgamation of two adjacent flats offered under the recently launched new scheme of the DDA has been allowed, officials said on Sunday. The DDA on Friday launched on a first-come, firstserve (FCFS) basis a housing scheme that will include 5,500 flats across all categories at various locations in Delhi. The scheme is receiving […]
GURUGRAM: Dhoot Sare distressed homebuyers (DSDHB) association held a protest against KGK – Dhoot company in Sector 92 on Sunday demanding immediate possession of their houses. As many as 50 homebuyers with placards gathered raising their demands. The association said at least 471 buyers of SARE Homes could not claim their flats because they were […]
NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has purchased land to be given to 52 allottees in Sector 33. Although the allotments were made a decade ago, the land was never acquired by the Authority. Officials said they would soon acquire land to be given to three more allottees, and the acquisition process for […]
NEW DELHI: The DDA on Friday launched on a first-come, first-serve basis a housing scheme that will include 5,500 flats across all categories at various locations in Delhi, officials said. The move is in line with Prime Minister Narendra Modi’s vision to provide affordable housing for all and Lt Governor VK Saxena’s “consistent guidance” for […]
